DocMagic and MortgageHippo have announced an integration under which MortgageHippo will provide an eSignature process to its lender customers through DocMagic.
DocMagic is a provider of loan document preparation, regulatory compliance, and comprehensive eMortgage services. MortgageHippo, a fintech-driven digital lending platform, provides mortgage lenders with a white-labeled web and mobile-ready products.
Through the integration, MortgageHippo’s lender customers can offer their borrowers an option to sign documents electronically throughout the mortgage process, from point-of-sale to closing. The process is as legal and valid as the manual process using printed and wet-signed documents. As a result, lenders see a faster mortgage process and reduced origination costs as eSignatures eliminate time constraints and accessibility limitations related to the manual process.
To use the feature, lenders can order disclosures directly from their loan origination systems. MortgageHippo then provides eDelivery of the disclosures to the consumer via the MortgageHippo borrower portal for compliant eSigning using DocMagic’s eSign technology. The service is available for initial disclosures, loan estimates, closing disclosures, and closing documents.
“If lenders want to stay competitive, they need the tools to satisfy borrowers’ growing appetite for an easy and robust digital experience,” MortgageHippo EVP and CSO Joe Dahleen said. “MortgageHippo’s integration with DocMagic allows us to provide those tools to lenders by offering eSignature capability throughout the entire mortgage process.”
“We are pleased to partner with MortgageHippo and offer our mutual lender clients a strong digital mortgage point-of-sale solution that integrates tightly with our platform and LOS partners,” said Steve Ribultan, director of business development at DocMagic. “Integrating with MortgageHippo is yet another step that DocMagic is taking to deliver on the promise of achieving a truly paperless digital mortgage process.”
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